Ferroglobe (NASDAQ:GSM) Cut to “Hold” at Seaport Res Ptn

Ferroglobe (NASDAQ:GSM) was downgraded by stock analysts at Seaport Res Ptn from a “strong-buy” rating to a “hold” rating in a note issued to investors on Monday,Zacks.com reports. Seaport Res Ptn also issued estimates for Ferroglobe’s Q4 2024 earnings at $0.02 EPS, Q1 2025 earnings at $0.00 EPS, Q2 2025 earnings at $0.01 EPS, FY2025 earnings at $0.15 EPS and FY2026 earnings at $0.55 EPS.

Separately, StockNews.com downgraded Ferroglobe from a “buy” rating to a “hold” rating in a research report on Friday.

Ferroglobe Trading Up 3.2 %

Shares of Ferroglobe stock opened at $3.59 on Monday. The business’s 50 day moving average is $3.92 and its 200-day moving average is $4.21. The stock has a market cap of $674.51 million, a P/E ratio of 179.50 and a beta of 1.83. The company has a quick ratio of 1.00, a current ratio of 1.82 and a debt-to-equity ratio of 0.02. Ferroglobe has a 12-month low of $3.45 and a 12-month high of $6.19.

Ferroglobe (NASDAQ:GSM) last released its earnings results on Wednesday, February 19th. The basic materials company reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.04. Ferroglobe had a return on equity of 6.36% and a net margin of 0.32%. The firm had revenue of $367.51 million during the quarter, compared to the consensus estimate of $393.00 million. Equities research analysts predict that Ferroglobe will post 0.33 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in GSM. Barclays PLC bought a new stake in shares of Ferroglobe during the 3rd quarter valued at $44,000. Heck Capital Advisors LLC purchased a new position in Ferroglobe during the 4th quarter valued at about $37,000. Raymond James Financial Inc. bought a new stake in shares of Ferroglobe during the fourth quarter valued at about $42,000. LPL Financial LLC purchased a new stake in shares of Ferroglobe in the fourth quarter worth about $42,000. Finally, RPO LLC bought a new position in shares of Ferroglobe in the fourth quarter valued at approximately $53,000. Hedge funds and other institutional investors own 89.64% of the company’s stock.

About Ferroglobe

Ferroglobe PLC produces and sells silicon metal, and silicon and manganese-based ferroalloys in the United States, Europe, and internationally. It provides silicone chemicals that are used in a range of applications, including personal care items, construction-related products, health care products, and electronics; and silicon metal for primary and secondary aluminum producers.